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Genco Shipping & Trading Ltd. Message Board

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  • joevengence joevengence Feb 10, 2009 7:35 PM Flag

    OUCH!!! More BAD news!

    I will post what I posted in the other thread.

    Samsun only leases 1 ship from GNK, a Supramax ship. I am not going to worry about this. It is good this news is brought to our attention but the affect is 1 ship that may be leased to someone else or goes on SPOT.

    Here's the info on the ship that is leased according to the Jan.27th Investor Presentation report.

    Charterer-(Samsun Logix)
    Supramax Ship -(Genco Cavalier)
    Cash Daily Rate-(48,500)
    Net Daily income from that ship -(47,700)
    Contract ends -(July 2010)

5.87-0.12(-2.00%)Jul 29 4:02 PMEDT